```html Earnings Gap Continuation Alpha Models Earnings season is a period of heightened volatility and unique trading opportunities. For the astute quantitative trader, the post-earnings environment can reveal persistent price movements, often initiated by an "earnings gap." These gaps, defined by a significant price difference between a stock's previous close and its open after an earnings announcement, are not always immediately filled. Instead, they can often 'continue' in their initial direction, offering a fertile ground for developing robust alpha-generating models. This comprehensive guide delves into the fascinating world of earnings gap continuation alpha models, providing a professional framework for understanding, building, and implementing strategies that aim to capitalize on this repeatable market phenomenon. Understanding Earnings Gaps and Continuation What is an Earnings Gap? An earnings gap occurs when a sto...